{"id":3317,"date":"2025-05-09T19:16:07","date_gmt":"2025-05-09T19:16:07","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/05\/09\/bitcoin-price-hits-104000-as-demand-increases\/"},"modified":"2025-05-09T19:16:07","modified_gmt":"2025-05-09T19:16:07","slug":"bitcoin-price-hits-104000-as-demand-increases","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/05\/09\/bitcoin-price-hits-104000-as-demand-increases\/","title":{"rendered":"Bitcoin Price Hits $104,000 As Demand Increases\u00a0\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Hits $104,000 As Demand Increases\u00a0\u00a0<\/a><\/p>\n

<\/div>\n

The price of Bitcoin<\/a> has surged past $104,000 this morning, and it\u2019s no accident. A mix of surging institutional inflows, record-breaking ETF momentum, and growing corporate adoption are fueling this rally. Here\u2019s what\u2019s helping contribute to the rising price of Bitcoin.\u00a0<\/p>\n

\n

JUST IN: #Bitcoin<\/a> hits $104,000 pic.twitter.com\/YMbyi3cZq2<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 9, 2025<\/a>\n<\/p><\/div>\n

Big institutions like banks, asset managers, and even some companies are putting money into Bitcoin through ETFs<\/a> (exchange-traded funds).<\/p>\n

On Wednesday, James Seyffart<\/a> of Bloomberg ETF Research reported that spot Bitcoin ETFs have officially hit a new all-time high in lifetime flows, reaching $40.33 billion, according to Bloomberg data. This marks a sharp recovery from the dip earlier this year and signals strong investor conviction.\u00a0<\/p>\n

\u201cLifetime net flows is #1 most imp metric to watch IMO, very hard to grow, pure truth, no bs,\u201d said<\/a> Ericl Balchunas, Bloomberg Senior ETF Analyst. \u201cImpressive they were able to make it to new high water mark so soon after the world was supposed to end. Byproduct of barely anyone leaving, left only a tiny hole to dig out of.\u201d<\/p>\n

\n

After yesterdays inflows, the spot Bitcoin ETFs are now at a new high water market for lifetime flows. Currently at $40.33 billion according to Bloomberg data h\/t @EricBalchunas<\/a> pic.twitter.com\/0GKPNlmprs<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) May 9, 2025<\/a>\n<\/p><\/div>\n

ETF resilience suggests institutional investors not only just didn\u2019t flinch during recent market corrections, but started buying more \u2014 a key signal that further shows Bitcoin\u2019s base is strengthening. The data also supports the case that many of these investors are in for the long haul, not quick flips. The ETFs have been on a buying spree, helping push up the price.<\/p>\n

\n

U.S. Bitcoin ETF inflows by day pic.twitter.com\/GVzvX6pu2b<\/a><\/p>\n

\u2014 HODL15Capital (@HODL15Capital) May 9, 2025<\/a>\n<\/p><\/div>\n

At the same time, macro adoption trends are accelerating. Strategy Executive Chairman Michael Saylor<\/a> noted earlier this week at the Bitcoin For Corporations event at Strategy World 2025 that \u201cBitcoin treasury companies are getting exponentially more powerful.\u201d Japanese public company Metaplanet CEO Simon Gerovich shared that he believes a \u201ctidal wave\u201d of more companies will be adopting Bitcoin as a reserve asset.<\/p>\n

\n

JUST IN: Japanese public company Metaplanet CEO said there’s going to be a “tidal wave” of more companies buying #Bitcoin<\/a> pic.twitter.com\/cyBPh3Gd29<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 7, 2025<\/a>\n<\/p><\/div>\n

This outlook is backed by Strategy CEO Phong Le\u2019s prediction<\/a> that the number of corporate Bitcoin holders will skyrocket to from 70 to 700 companies by next year. It\u2019s a bold forecast, but one supported by the increasing popularity of Bitcoin as a treasury reserve asset in a time of dollar debasement and sovereign debt concern.<\/p>\n

Julien Bittel<\/a>, Head of Macro Research at Global Macro Investor, shared a chart showing how Bitcoin\u2019s price continues to closely follow the global M2 money supply \u2014 a measure of worldwide liquidity. His updated chart shows a strong correlation, with a clear upward trend. \u201cWe\u2019re going higher,\u201d Bittel commented, suggesting that as more money flows into the global economy, some of it is landing in Bitcoin.\u00a0<\/p>\n

\n

Lots of you have been asking for the updated Global M2 vs. Bitcoin chart. Well, here it is\u2026<\/p>\n

And yes \u2013 it still tells the same story: <\/p>\n

We\u2019re going higher\u2026 pic.twitter.com\/kv7QSE9iGN<\/a><\/p>\n

\u2014 Julien Bittel, CFA (@BittelJulien) May 9, 2025<\/a>\n<\/p><\/div>\n

All signs point to momentum building: institutional demand via ETFs, corporate treasury adoption, M2 correlation, and investor confidence appear to be pushing Bitcoin upward.\u00a0<\/p>\n

In addition to all this, there\u2019s growing belief that Bitcoin is becoming more accepted as a long-term store of value \u2014 like digital gold<\/a>. On top of that, with inflation fears and concerns about the U.S. dollar, some investors are turning to Bitcoin as a way to protect their money.\u00a0<\/p>\n

Supporting the bullish technical narrative, ChartsBTC<\/a> reported on X this week that Bitcoin\u2019s current price of $102,766 reflects a 10% year-to-date gain, up from $93,381 at the end of 2024.\u00a0<\/p>\n

\n

Bitcoin Year-End Price (2024): $93,381
Current Price (2025): $102,766
YTD Change: 10%#Bitcoin<\/a> $BTC<\/a> #BitcoinYearlyCandles<\/a> pic.twitter.com\/vDk1aUnTMA<\/a><\/p>\n

\u2014 ChartsBTC (@ChartsBtc) May 9, 2025<\/a>\n<\/p><\/div>\n

This post Bitcoin Price Hits $104,000 As Demand Increases\u00a0\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Hits $104,000 As Demand Increases\u00a0\u00a0 The price of Bitcoin has surged past $104,000 this morning, and it\u2019s no accident. A mix of surging institutional inflows, record-breaking ETF momentum, and growing corporate adoption are fueling this rally. Here\u2019s what\u2019s helping contribute to the rising price of Bitcoin.\u00a0 JUST IN: #Bitcoin hits $104,000 […]<\/p>\n","protected":false},"author":0,"featured_media":3318,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3317"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3318"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}